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Staple Fibers Market Is Expected To Grow At A CAGR Of 4.2% Over The Forecast Period From 2017 To 2025 – Credence Research

Staple Fibers Market Is Expected To Grow At A CAGR Of 4.2% Over The Forecast Period From 2017 To 2025 – Credence Research

New Market Research Reports Title “Staple Fibers Market Size, Share, Growth, Trends, Analysis and Forecast To 2025: Credence Research” Has Been Added to Credenceresearch.com Report Database.

The latest market report published by Credence Research, Inc. “Staple Fibers Market, By Type (Cellulosic, Cotton, Polyester and Others), Application (Automotive, Apparel, Construction, Home Furnishing, Personal Care & Hygiene and Others) and Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global staple fibers market is expected to grow at a CAGR of 4.2% over the forecast period from 2017 to 2025

Browse the full Staple Fibers Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/staple-fibers-market

 Market Insights

The global market for staple fibers is witnessing numerous opportunities owing to increase in demand for light weight fabric materials especially in automotive and home furnishing applications. Moreover, increase in disposable incomes and rise in consumer living standards in emerging economies such as China, India and Korea has led to a significant demand for staple fibers. In addition, rise in the use of carpets for its excellent dust catching property as well as increasing growth of sustainable textiles further drives the market growth. Moreover, several factors such as increasing demand for apparels manufactured using recycled materials and increased adoption of staple fabrics, due to fluctuating cotton prices are some other key elements augmenting the growth of the global market. However, retaliatory tariffs on staple fibers especially in North America may hinder the overall growth. Automotive and construction segments offer extreme potential in the global staple fibers market owing to rapid urbanization and increasing growth of the global automotive and construction industries. Rise in the consumption of sustainable fabrics across the globe is another major factor boosting the market growth. Increasing consciousness about the ill effects of non-sustainable fabrics coupled with low cost of polyester staple fibers has increased the demand for staple fibers across the globe.

The complete report is available at http://www.credenceresearch.com/report/staple-fibers-market

However, fluctuating raw material prices and lack of skilled labor might hamper the market growth. Although, increasing investments on research & development activities for the development of cheaper products is expected to pose vivid opportunities in the coming years.

Competitive Insights

Currently, the global staple fibers market is witnessing huge opportunities owing to increasing demand for apparel and home furnishing products across the globe. The key players in the market are focusing on key growth strategies such as mergers & acquisitions to strengthen their goodwill in the global market. Some of the major players operating in the global staple fibers market include Indorama Ventures Public Company Limited, Zhejiang Hengsheng Chemical Fiber Co., Ltd., Toray Industries, Inc., Alpek S.A.B. de C.V., Reliance Industries Limited, China Petroleum & Chemical Corporation, Aditya Birla Group, W. Barnet GmbH & Co. KG,  Swan Fiber Company and Zhejiang Fulida among others.

Key Trends

  • Increasing demand for sustainable clothing
  • Changing consumer spending along with increasing demand for carpets and other home furnishing products
  • Increasing demand for apparels manufactured using recycled materials
  • Increasing demand for light weight fabrics in automotive applications

 

Related Reports:

http://www.credenceresearch.com/report/superabsorbent-polymers-market

http://www.credenceresearch.com/report/plastomer-market

About Credence Research:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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